VOLKSWAGEN FINANCIAL SERVICES
AKTIENGESELLSCHAFT
Shareholdings
of Volkswagen Financial Services AG
and the
Volkswagen Financial Services Group
in accordance with sections 285 and 313 of the HGB
and presentation of the companies included in the
consolidated financial statements of the
Volkswagen Financial Services Group
in accordance with IFRS 12
I. PARENT COMPANY
VOLKSWAGEN FINANCIAL SERVICES AG, Braunschweig EUR
II. SUBSIDIARIES A. Consolidated companies 1. Germany
EURO-Leasing GmbH, Sittensen EUR - 100,00 100,00 22.505 - 1) 2017 MAN Financial Services GmbH, Munich EUR 100,00 - 100,00 60.543 - 1) 2017 Volim Volkswagen Immobilien Vermietgesellschaft
für VW-/Audi-Händlerbetriebe mbH, Braunschweig EUR 100,00 - 100,00 26 - 1) 2017 Volkswagen Leasing GmbH, Braunschweig EUR 100,00 - 100,00 222.359 - 1) 2017 Volkswagen Versicherung AG, Braunschweig EUR 100,00 - 100,00 97.055 - 1) 2017 Volkswagen-Versicherungsdienst GmbH, Braunschweig EUR 100,00 - 100,00 54.369 - 1) 2017 Volkswagen Insurance Brokers GmbH, Braunschweig EUR 100,00 - 100,00 54.829 - 1) 13) 2017
2. International
Banco Volkswagen S.A., São Paulo BRL 3,97065 - 100,00 100,00 2.629.874 142.804 2016 Consórcio Nacional Volkswagen - Administradora
de Consórcio Ltda., São Paulo BRL 3,97065 - 100,00 100,00 383.590 115.869 2016 Driver Australia Master Trust Pty. Ltd., Ashfield AUD 1,53285 - - - 14) 15) 2016 Driver Australia Two Pty. Ltd., Ashfield AUD 1,53285 - - - 0 0 15) 2016 Driver Australia Three Pty. Ltd., Ashfield AUD 1,53285 - - - 0 0 15) 2016 Driver Brasil One Banco Volkswagen Fundo de Investimento
em Direitos Creditórios Financiamento de Veículos, Osasco BRL 3,97065 - - - 29.478 2.715 15) 2016 Driver Brasil Two Banco Volkswagen Fundo de Investimento
em Direitos Creditórios Financiamento de Veículos, Osasco BRL 3,97065 - - - 96.371 22.460 15) 2016 Driver Brasil Three Banco Volkswagen Fundo de Investimento
em Direitos Creditórios Financiamento de Veículos, Osasco BRL 3,97065 - - - 433.750 117.026 15) 2016 Driver China Three Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - 1.170.140 3.705 4) 15) 2016 Driver China Four Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - 2.108.146 10.952 4) 15) 2016 Driver China Five Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - - - 14) 15) 2016 Driver China Six Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - - - 6) 15) 2017 Driver China Seven Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - - - 6) 15) 2017 Driver China Eight Auto Loan Securitization Trust, Beijing CNY 7,80085 - - - - - 6) 15) 2017 Euro-Leasing A/S, Padborg DKK 7,44510 - 100,00 100,00 13.624 2.018 2016 Euro-Leasing Sp. z o.o., Kolbaskowo PLN 4,17490 - 100,00 100,00 5.098 1.547 2016 MAN Financial Services GmbH, Eugendorf EUR - 100,00 100,00 19.940 4.003 2016 MAN Financial Services Poland Sp. z o.o., Nadarzyn PLN 4,17490 100,00 - 100,00 58.598 7.004 11) 2016 MAN Location & Services S.A.S., Evry EUR 100,00 - 100,00 -2.809 -1.899 2016
OOO MAN Financial Services, Moscow RUB 69,33520 100,00 - 100,00 531.247 167.315 2016 OOO Volkswagen Bank RUS, Moscow RUB 69,33520 99,00 - 99,00 12.750.794 1.293.898 11) 2016 OOO Volkswagen Group Finanz, Moscow RUB 69,33520 100,00 - 100,00 387.244 -392.091 2016
Trucknology S.A., Luxembourg EUR - - - 1 - 15) 2016
VCL Master S.A., Luxembourg EUR - - - 31 - 15) 2016
VCL Master Residual Value S.A., Luxembourg EUR - - - 31 - 15) 2016 VCL Multi-Compartment S.A., Luxembourg EUR - - - 31 - 15) 2016 Volkswagen Bank S.A., Institución de Banca Múltiple, Puebla MXN 23,61420 100,00 - 100,00 1.706.086 117.010 2016 Volkswagen Corretora de Seguros Ltda., São Paulo BRL 3,97065 - 100,00 100,00 55.187 8.190 2016 Volkswagen Finance Belgium S.A., Brussels EUR 99,99 0,01 100,00 336.753 5.929 2016 Volkswagen Finance Overseas B.V., Amsterdam EUR 100,00 - 100,00 627.121 12.850 2016 Volkswagen Financial Services Australia Pty. Ltd., Chullora AUD 1,53285 100,00 - 100,00 244.334 8.144 9) 2016 Volkswagen Finance (China) Co., Ltd., Beijing CNY 7,80085 100,00 - 100,00 6.671.242 922.033 2016 Volkswagen Finance Pvt. Ltd., Mumbai INR 76,56700 91,00 9,00 100,00 13.138.615 549.464 3) 2017 Volkswagen Financial Services Japan Ltd., Tokyo JPY 134,87000 100,00 - 100,00 14.629.563 1.936.653 2016 Volkswagen Financial Services Korea Co., Ltd., Seoul KRW 1.278,22000 100,00 - 100,00 265.941.932 34.512.918 2016 Volkswagen Financial Services N.V., Amsterdam EUR 100,00 - 100,00 1.117.080 9.545 2016 Volkswagen Holding Financière S.A., Villers-Cotterêts EUR 100,00 - 100,00 195.575 518 2016 Volkswagen Leasing S.A. de C.V., Puebla MXN 23,61420 100,00 - 100,00 6.540.214 1.183.008 2016 Volkswagen Participações Ltda., São Paulo BRL 3,97065 - 100,00 100,00 2.815.835 146.164 2016 Volkswagen Renting, Unipessoal, Lda., Amadora EUR 100,00 - 100,00 2.652 -182 2016 Volkswagen Serviços Ltda., São Paulo BRL 3,97065 - 100,00 100,00 49.055 9.135 2016 Volkswagen-Versicherungsdienst GmbH, Vienna EUR - 100,00 100,00 12.817 1.789 2016
B. Unconsolidated companies 1. Germany
carmobility GmbH, Braunschweig EUR 100,00 - 100,00 250 - 1) 2017 ContoWorks GmbH, Munich EUR - 100,00 100,00 708 127 7) 2016 Euromobil Autovermietung GmbH, Isernhagen EUR 100,00 - 100,00 779 - 1) 2017 Mobility Trader GmbH, Berlin EUR 100,00 - 100,00 13 - 4) 7) 2016 Rent-X GmbH, Braunschweig EUR 100,00 - 100,00 20.024 - 1) 2017 sunhill technologies GmbH, Bubenreuth EUR 94,62 - 94,62 366 -3.062 2016 Vehicle Trading International (VTI) GmbH, Braunschweig EUR 100,00 - 100,00 2.763 - 1) 2017
2. International
Adaptis Solutions Ltd., Hatfield GBP 0,88730 100,00 - 100,00 82 257 3) 11) 2017 Fleetzil Locações e Serviços Ltda., Curitiba BRL 3,97065 - 100,00 100,00 40.126 125 2016
INIS International Insurance Service s.r.o.,ve zkratce INIS s.r.o.,
Mladá Boleslav CZK 25,57900 - 100,00 100,00 34.149 28.649 2016 Mobile Payment Services S.A.S., Boulogne-Billancourt EUR 14,30 85,70 100,00 309 332 3) 2017 PayByPhone Ltd., Hatfield GBP 0,88730 100,00 - 100,00 533 5 3) 11) 2017 PayByPhone Technologies Inc., Vancouver / BC CAD 1,50260 - 100,00 100,00 - - 3) 14) 2016 PayPoint Technologies Canada Inc., Vancouver / BC CAD 1,50260 100,00 - 100,00 - - 3) 14) 2016 Simple Way Locações e Serviços Ltda., Curitiba BRL 3,97065 - 100,00 100,00 -17.748 -16.740 2016 OOO Volkswagen Financial Services RUS,
Moscow RUB 69,33520 100,00 - 100,00 3.552.086 467.459 2016 VAREC Ltd., Tokyo JPY 134,87000 - 100,00 100,00 412.408 30.581 2016 Volkswagen Administradora de Negόcios Ltda., São Paulo BRL 3,97065 - 100,00 100,00 2.017 202 2016 Volkswagen Capital Advisory Sdn. Bhd., Kuala Lumpur MYR 4,85130 100,00 - 100,00 4.054 -2.245 5) 16) 2016 Volkswagen Finance Luxemburg II S.A., Strassen EUR 100,00 - 100,00 - - 6) 2017 Volkswagen Financial Services Holding Argentina S.R.L., Buenos Aires ARS 22,35549 99,99 0,01 100,00 271.578 -4.950 2016 Volkswagen Financial Services Schweiz AG, Wallisellen CHF 1,16935 - 100,00 100,00 4.258 442 2016 Volkswagen Financial Services Singapore Ltd., Singapore SGD 1,60140 100,00 - 100,00 3.188 9 2016 Volkswagen Financial Services Taiwan Ltd., Taipeh TWD 35,53905 100,00 - 100,00 658.781 90.672 2016 Volkswagen Insurance Brokers, Agente de Seguros y de Fianzas,
S.A. de C.V., Puebla MXN 23,61420 - 100,00 100,00 -30.690 -30.740 4) 2016 Volkswagen Insurance Brokers Argentina S.A., Buenos Aires ARS 22,35549 - 96,00 96,00 1.709 1.609 4) 2016 Volkswagen Insurance Company DAC, Dublin EUR 100,00 - 100,00 38.267 1.121 2016 Volkswagen Insurance Service (Great Britain) Ltd., Milton Keynes GBP 0,88730 - 51,00 51,00 1.516 1.463 2016 Volkswagen Insurance Services Korea Co., Ltd., Seoul KRW 1.278,22000 - 100,00 100,00 334.001 -129.963 2016 Volkswagen International Insurance Agency Co., Ltd., Taipeh TWD 35,53905 - 100,00 100,00 40.032 30.533 2016 Volkswagen Leasing (Beijing) Co., Ltd., Beijing CNY 7,80085 - 100,00 100,00 1.079 -11.414 2016 Volkswagen Leasing (Dalian) Co., Ltd., Dalian CNY 7,80085 - 100,00 100,00 6.690 -1.884 2016 Volkswagen Leasing (Guangzhou) Co., Ltd., Guangzhou CNY 7,80085 - 100,00 100,00 -2.664 -3.793 2016 Volkswagen Leasing (Nanjing) Co., Ltd., Nanjing CNY 7,80085 - 100,00 100,00 4.758 -3.363 2016 Volkswagen Leasing (Shanghai) Co., Ltd., Shanghai CNY 7,80085 - 100,00 100,00 -10.815 -18.274 2016 Volkswagen Leasing (Suzhou) Co., Ltd., Suzhou CNY 7,80085 - 100,00 100,00 6.812 -1.428 2016 Volkswagen Financial Leasing (Tianjin) Co., Ltd., Tianjin CNY 7,80085 - 100,00 100,00 167.473 -5.741 2016 Volkswagen Leasing (Wuxi) Co., Ltd., Wuxi CNY 7,80085 - 100,00 100,00 6.555 -1.534 2016 Volkswagen New Mobility Services Consulting (Beijing)
Co., Ltd., Beijing CNY 7,80085 - 100,00 100,00 -136.211 -41.968 2016 Volkswagen New Mobility Services Investment Co., Ltd.,
Beijing CNY 7,80085 100,00 - 100,00 264.041 -72.436 2016
Volkswagen Reinsurance Company DAC, Dublin EUR 100,00 - 100,00 - - 6) 2017 Volkswagen Servicios S.A. de C.V., Puebla MXN 23,61420 - 100,00 100,00 75.112 218 2016
III. JOINT VENTURES A. Equity-accounted companies 1. Germany
Volkswagen Autoversicherung AG, Braunschweig EUR - 100,00 100,00 108.517 - 1) 2016 Volkswagen Autoversicherung Holding GmbH, Braunschweig EUR 51,00 - 51,00 113.402 -2.888 2016 Volkswagen Financial Services Digital Solutions GmbH, Braunschweig EUR 49,00 - 49,00 39.739 7.134 8) 2017
2. International
D'Ieteren Lease S.A., Brussels EUR - 100,00 100,00 88.644 11.357 2016 Driver Turkey Master S.A., Luxembourg EUR - - - - - 6) 15) 2017 DutchLease B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 Lease+Balans B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 MAN Financial Services B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 MAN Financial Services (SA) (RF) (Pty) Ltd., Johannesburg ZAR 14,75715 50,00 - 50,00 87.795 17.607 11) 2016 The Velocity Finance Issuer Trust, Claremont ZAR 14,75715 - - - 0 568.697 11) 15) 2016 VCL Master Netherlands B.V., Amsterdam EUR - - - 2 2 15) 17) 2016 VDF Faktoring A.S., Istanbul TRY 4,53240 - 100,00 100,00 46.124 13.174 2016 VDF Servis ve Ticaret A.S., Istanbul TRY 4,53240 51,00 - 51,00 30.292 19.730 2016 VDF Filo Kiralama A.S., Istanbul TRY 4,53240 - 100,00 100,00 16.982 -3.018 4) 2016 VDF Sigorta Aracilik Hizmetleri A.S., Istanbul TRY 4,53240 - 99,99 99,99 61.410 24.177 2016 Volkswagen D'Ieteren Finance S.A., Brussels EUR 50,00 - 50,00 129.628 406 2016 Volkswagen Doğuş Finansman A.S., Istanbul TRY 4,53240 51,00 - 51,00 316.025 48.182 2016 Volkswagen Financial Services South Africa (Pty) Ltd., Sandton ZAR 14,75715 51,00 - 51,00 1.592.505 92.065 2016 Volkswagen Leasing B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 Volkswagen Møller Bilfinans A/S, Oslo NOK 9,82950 51,00 - 51,00 1.984.035 256.877 11) 2016 Volkswagen Pon Financial Services B.V., Amersfoort EUR 60,00 - 60,00 290.498 40.072 9) 2016 Volkswagen Pon Financial Services Real Estate B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016
A. Companies accounted for at cost 1. Germany
Greenwheels GmbH, Dortmund EUR - 100,00 100,00 1.010 -255 2016 LogPay Transport Services GmbH, Eschborn EUR 50,98 - 50,98 2.046 - 1) 7) 2016
2. International
Collect Car B.V., Rotterdam EUR 60,00 - 60,00 5.966 -153 2016 DFM Verzekeringen B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 Greenwheels Shared Services B.V., Rotterdam EUR - 100,00 100,00 19 0 2016
Lenkrad Invest (Pty) Ltd., Sandton ZAR 14,75715 51,00 - 51,00 6.918 6.822 2016 LogPay Fuel Italia S.r.l., Bozen EUR - 100,00 100,00 29 9 7) 2016 LogPay Fuel Spain S.L., Barcelona EUR - 100,00 100,00 240 75 7) 2016 Porsche Volkswagen Servicios Financieros Chile SpA, Santiago de Chile CLP 737,09500 50,00 - 50,00 531.071 120.642 2016
Shuttel B.V., Leusden EUR 49,00 - 49,00 - - 10) 2016
Volkswagen Financial Services Compañia Financiera S.A., Buenos Aires ARS 22,35549 - 49,00 49,00 534.096 1.258 2016 VVS Assuradeuren B.V., Amersfoort EUR - 100,00 100,00 - - 10) 2016 VVS Verzekerings-Service N.V., Amersfoort EUR - 60,00 60,00 1.302 1.075 9) 2016
IV. OTHER EQUITY INVESTMENTS 1. Germany
Allianz für die Region GmbH, Braunschweig EUR 7,79 - 7,79 994 7 2016 PosernConnect GmbH, Sittensen EUR - 49,00 49,00 463 339 2016
1) Profit and loss transfer agreement 2) In liquidation
3) Different fiscal year 4) Short fiscal year 5) Currently not trading 6) Newly established company 7) Newly acquired company 8) Commenced operations in 2017 9) Consolidated financial statements
10) Figures are contained in the consolidated financial statements of the parent company 11) Figures in accordance with IFRS
12) Profit and loss transfer agreement from 2017 13) Merger
14) Company newly acquired/established in the previous year 15) Structured company in accordance with IFRS 10 and 12 16) Liquidation resolution adopted
